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Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
 International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborne trade at below 2007 levels. It had climbed to an all-time high in 2008.
The Review of Maritime Transport 2010 estimates total seaborne trade during 2009 at 7.84 billion tons. Although a global recovery is currently under way, it is uneven, slower than the recoveries that have followed previous recessions, and subject to numerous uncertainties and to the fragile global economic conditions, the study says. Signs show that the shipping industry and seaborne trade are recovering, but it will likely take some time for the industry to return to its 2009 levels.
Seaborne trade in dry bulk commodities – such as iron ore, grain, coal, bauxite/alumina and phosphate, which represent around one quarter of seaborne trade – actually grew by an estimated 1.4 per cent in 2009. However, this figure masks fluctuations by commodity type. Bauxite and alumina, which are key components in aluminium production and are used primarily in the transport and construction industries, suffered a 23.2 per cent decline. Phosphate rock, used as a fertilizer by the agriculture industry, suffered a 38.7 per cent decline. Iron ore shipments rose to an estimated 907 million tons in 2009 – an increase of 7.8 per cent over the previous year. China accounted for much of the increase in iron ore trade, with imports growing by 38.9 per cent, whereas Japan´s imports declined by 24.8 per cent and Western Europe´s imports declined by 38.2 per cent.
The supply of new vessels showed no signs of abating. At the beginning of 2010, the world merchant fleet reached 1,276 million deadweight tons (dwt) – an increase of 84 million dwt over 2009. This growth resulted from record new deliveries of 117 million dwt, compared to demolitions and other withdrawals from the market totalling about 33 million dwt. New deliveries in 2009 were 42 per cent higher than in 2008 because of the orders that had been placed prior to the downturn in global demand. The resulting oversupply of tonnage then led to an over 300 per cent surge in demolitions of older tonnage. However, despite this increase, the combined effect of a downturn in demand and an oversupply of vessels meant that freight rates for many vessel types remained depressed.
World container port throughput declined by an estimated 9.7 per cent to 465.7 million twenty-foot equivalent units (TEUs) in 2009, the report says. UNCTAD´s Liner Shipping Connectivity Index revealed that the average ranking of the least developed countries (LDCs) in 2010 was 111, compared to an average ranking of 78 for other developing countries and 64 for developed countries. The rating indicates that LDCs remain isolated from major or frequently serviced shipping routes. Between 2004 and 2010, the connectivity ranking of LDCs improved by just 1 point.
The Review of Maritime Transport 2010 also details recent developments in maritime legislation, such as steps by the International Maritime Organization regarding the scope and content of an international regime to control emissions of greenhouse gases from international shipping. In April 2010, a Protocol on the 1996 Hazardous and Noxious Substances Convention was adopted which aims to bring about wider adoption of the Convention.
Every year, the Review of Maritime Transport looks at transport developments in a particular region. The focus in the 2010 edition is on developments in Asia since 2007, when UNCTAD last reported on the region. GDP growth in the Asia-Pacific region decelerated to 4 per cent in 2009 – its lowest level in eight years. In tandem with the economic situation, growth in international merchandise trade in the region decelerated in 2008 and contracted in 2009. By 2010, economic indicators were showing a recovery in the region´s economic growth and trade, with some economies already showing signs of a return to pre-crisis growth and export levels. However, the recovery remains fragile and is subject to downside risks.
Maritime transport is the single most important transport mode; it has around 80 per cent of the market share in the international movement of goods. However, in some developing countries this percentage is much higher, due to cumbersome cross-border procedures and an underdeveloped land transport infrastructure. The Review of Maritime Transport 2010 also covers developments from January 2009 to mid-2010 in other modes of transport, such as road, rail, and inland waterways.
Source: UNCTAD / Hellenic Shipping
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Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- Sindya Power Generating Company Private Ltd
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- Anglo American - United Kingdom
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
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- European Bulk Services B.V. - Netherlands
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- SMG Consultants - Indonesia
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- White Energy Company Limited
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- Petron Corporation, Philippines
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- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
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- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Sojitz Corporation - Japan
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- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Planning Commission, India
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
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- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
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- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
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- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
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- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
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- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
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- Cement Manufacturers Association - India
- The University of Queensland
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
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